Thursday, May 18, 2006
Yahoo Inc. Chief Financial Officer Sue Decker said Wednesday the company can at least meet the low end of its current 2006 revenue growth forecast.
"It would be an aspirational growth rate to double that to 25 percent to 26 percent," Decker said at the close of the Internet media leader's annual Analyst Day briefing.
Responding to a Wall Street analyst's question, Decker shied away from supporting a 30 percent growth rate as a long-term goal.
In April, the company had projected full-year revenue to range between $4.6 billion and $4.85 billion, representing a growth rate of between 24 percent to 31 percent over 2005.
Decker said Yahoo's margins have stabilized in recent years at around 40 percent, as the company balances advertising growth against the need to invest to fuel further growth, to fend off competition from other major Internet companies.
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